AkzoNobel beats forecasts, expects to meet 2015 targets

Ton Büchner, CEO of AkzoNobel, says there is "fragile stabilization" in the European economy but any "disturbance" could set the continent back.

Dutch paints and chemicals companyAkzoNobel reported slightly higher-than-expected fourth-quarter earnings on Thursday and said it was on track to meet its 2015 targets even though tough economic conditions and volatile exchange rates are expected to continue this year.